Although Construction Contract Management has become a state-of-the-art, this concept remains tentatively new to practitioners in Vietnam. Most believing that managing a construction contract means keeping and restoring the contract in an accessible place so that every project stakeholders could access as and when necessary. Some claim that it is an activity to keep the managerial positions updated of any changes to the signed contracts so that proper decisions could be made in time, and the others think it is mere clerical task such as claiming payments, reminding renewal if expiry date is coming.
Our lawyers pay serious attention to construction contract management as it ensures the compliance of the contract performance, enables Clients the earliest possible chance to recognise potential risks, and best mitigate any contract disputes that may arise during the entire contact lifecycle.
Construction Contract Management is the process of managing legally-binding Construction Contract from initiation through to execution. The purpose of effective construction contract management is to improve overall outcomes.
See how we render the Construction Contract Management service to our clients
Managing Variation Orders and Extension of Time Claims are two important changes to the Construction Contract that we normally deal with.
CNC can help to identify number of the VOs, EOT Claims and the status thereof. We could also set out the strategic plans to achieve the best outcome from those changes.
Under a construction contract, there are countless obligations require compliance and fulfillment. Wihout placing exceptional tracking systems in the Construction Contract Management, the Clients will deal with a blow.
Some of the typical obligations requires strict and proper compliances in a construction contract include those related to
We regular spend our time performing cross-check, review the Construction Contract Management by visiting the Site to check whether and to what extent if any further assistance should be made, any critical issues found out, any skills need to be developed, what documents are missing.
This help our Clients colleague immediately rectify errors, improve its ability to manage the Construction Contract effectively and efficiently, to general more value, lower costs, or to benefit from a better relationship.
Vendors (suppliers, subcontractors, manufacturers to name a few) are becoming an important factors in these days. Their performance can greatly contribute to outcome of a timely project completion. Therefore, checking vendors’ performance forms an integrated part of the construction contract managements.
The aim at which this task will bring is to allow the parties cooperate, collaborate with each other, and to understand if anything unusual or has happened to the vendor’s performance so that plan of actions could be there to cure or to adopt to counter the negative effects resulting therefrom.
The saying “Prevention is better than cure is a fundermental principles of the construction contract managements.
It is obviously agreed that the cost for experts to deal with any issue at an early stage is much cheaper than those incurred at a later stage where no enforceable or acceptable options is available.
In addition to that, by earlier identifying potential issues can help the contracting parties to have a better preparation just in case a dispute or an argument arisen beyond the parties’ control. A proactive contracts manager can have more time addressing the issues to the relevant departments, relevant stakeholders, and to enable them to obtain more insightful and meaningful advices, viewpoints.
Those can only be effectively managed by an expert as CNC.
Resolving disputes is considered the last step, last action, last recourse available to a construction contract party, but resolving dispute from contract management perspective is just another activity during the contract lifecycle. It means that each party must strictly adhere to the contract terms whilst resolving disputes, otherwise new or more disputes will arise.
The problem is that Clients normally don’t have the luxury resource of retaining such a large number of qualified personnel to deal with those matters. Therefore, relying on a better cost-effective solution, Construction Contract Management is recommended.
See Dispute Resolution Services here.
Neither the Employer nor the Contractor side matter to us. Although we are more favorite to help contractors but again, the experiences our lawyers have progressively gained help us when we act for the Employers and vice versa.
Let’s see what we have honorly been engaged and trusted by Clients since our inception in 2013. The following are notable cases without exclusion:
